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Content Tokens: Monetizing Digital Assets
Content Tokens are central to BitCDN's Layer 2, focusing on IP monetization and access rights management. They work together to represent the content, its revenue shares, and unique access privileges.
1. The Master Content NFT: Representing Core IP
A unique NFT representing a specific piece of content (e.g., an artist's master recording, a film). It serves as the definitive on-chain identifier for the IP.
- Uniqueness: One Master Content NFT per unique creative work.
- Link to Genuine Content: Stores/references metadata including the cryptographic hash of the authentic media file for verification.
- Revenue Aggregation Point: Its address can be the initial collection point for content revenues.
- Tradability of Master Rights: The NFT itself could be sold, transferring master rights.
2. Revenue Share Fungible Tokens (FTs): Distributing Earnings
Issued in association with a Master Content NFT, these FTs represent proportional shares of its revenue.
- Example: An artist issues 1,000,000 ‘ArtistX_SingleShare’ FTs for a new single.
- Mechanism: Revenue at the Master NFT is programmatically distributed to FT holders by percentage.
- Liquidity & Price Discovery: Tradable on DEXs for liquid markets in content revenue streams.
3. Access & Collectible NFTs: Unique Rights & Editions
Separate NFTs for specific access privileges or digital collectibles.
- Access Passes/Tickets: For library access, one-time viewings, season passes. Utility-focused.
- Digital Collectibles: Limited edition art, behind-the-scenes content, signed copies.
- Verifiable Ownership: Provable ownership of unique digital assets or rights.
BitCDN aims to provide SDKs and smart contract templates to facilitate the creation and management of these content tokens.